> For the complete documentation index, see [llms.txt](https://eu.support.backpack.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://eu.support.backpack.exchange/exchange/trading-fees.md).

# Trading Fees

At Backpack EU, our commitment to providing a transparent and competitive fee structure is paramount.

The tables below outlines our Perpetual Futures fee tiers enabling traders to easily identify the fees associated with their trading volume.

***

### **Backpack EU** Perpetual Futures Fees

| Tier | Volume       | Maker Fee | Taker Fee |
| ---- | ------------ | --------- | --------- |
| 1    | $0           | 0.020%    | 0.050%    |
| 2    | $500,000     | 0.019%    | 0.045%    |
| 3    | $1,000,000   | 0.018%    | 0.040%    |
| 4    | $5,000,000   | 0.016%    | 0.035%    |
| 5    | $10,000,000  | 0.013%    | 0.030%    |
| 6    | $12,500,000  | 0.010%    | 0.028%    |
| VIP1 | $25,000,000  | 0.010%    | 0.026%    |
| VIP2 | $50,000,000  | 0.000%    | 0.024%    |
| VIP3 | $75,000,000  | 0.000%    | 0.022%    |
| VIP4 | $100,000,000 | 0.000%    | 0.020%    |
| VIP5 | $150,000,000 | 0.000%    | 0.018%    |

\*Volume excludes fiat to fiat pairs

### **What are Maker and Taker Fees?**

* **Maker Fee:** A "maker" is someone who places a limit order that adds liquidity to the market. This means the order isn’t filled immediately but waits for a matching order (opposite buy or sell) to come along. The fee incurred for such orders is called the "maker fee". Makers typically pay a lower fee as they contribute to the market's liquidity.<br>
* **Taker Fee:** A "taker" is someone who places an order that matches immediately with an existing order on the order book. This takes liquidity away from the market. The fee for such orders is called the "taker fee". Takers typically pay a slightly higher fee due to the immediate nature of their trades.

### **How do Fee Tiers Work?**

Tiered pricing is a pricing structure that applies different fee tiers based on trading volume thresholds. As your 30-day trading volume increases, you ascend through our tier levels, and your applicable fees decrease. Both maker and taker fees decrease as you move to a higher tier, allowing for a more cost-effective trading experience.\
\
Please refer to the table provided to view the fee structure across different tiers and the corresponding 30-day volume requirements. We aim to offer a seamless trading experience with a clear understanding of the associated costs.‍

**Note:** Fee tiers are recalculated **every hour**, so your tier status is updated regularly.

### Liquidation Fees

The Liquidation Fees Rate at Backpack EU is 1% per fill.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://eu.support.backpack.exchange/exchange/trading-fees.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.